Annual report: the way is paved for additional growth
According to the latest Annual Report, Global Risk Management (GRM), surpassed all expectations with regards to the financial result. The company is an international provider of fuel risk management solutions to shipping, aviation, suppliers and industrial clients.
The net result increased by 37% compared to a year ago as trading activities and volumes climbed to new heights. Gross result increased by 33% compared to last year. In 4 years, GRM has doubled the number of trades with clients around the world. Over the last two years, GRM has traded between 22-24 mio. MT per year with clients, many of which are traded directly with the company’s internal trading desk.
“As happy as I am with the financial results, it remains of utmost importance that we keep developing the company. In accordance with our strategy, we will expand the effort to become an energy trading house, in addition to being an oil trading house, as we add new products and services to the benefit of both current and future clients”, says Managing Director Hans Erik Christensen.
Chairman of the Board, Keld Rosenbaek Demant, adds: “It is a pleasure to be part of such a dedicated and ambitious company where all employees strive to deliver optimal service and solutions to clients around the world. Together with the new, committed credit facility which GRM has entered into with a syndicate of domestic and international banks, the way is paved for further growth in the years to come. ”
The committed credit facility will be used as a tool for additional organic growth and to provide proactive and flexible approach to the potential impact on fuel prices of the IMO 2020 sulphur regulation, and to support new strategic initiatives as the company is now an even stronger partner to clients and counterparties globally.
An important focus area in GRM over the year has been to insource the IT competencies, and systems in order to remain in control of data and continue developing and consolidating the advanced software and IT systems. For this purpose, the company has established a full-scale IT team with software developers and IT specialists, who are streamlining the electronic trading process from first point of contact with clients, to settlement of the financial contracts and M2M overview. The process is carried through in close cooperation with colleagues in GRM’s other locations to ensure smooth implementation.
Key data from the Annual Report 2018/19 for A/S Global Risk Management Ltd. Investment Firm:
For further information and a management interview, please contact:
Jette Jørgensen, Group Marketing Coordinator/PA
Phone: (+45) 6037 3977 - E-mail: email@example.com